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(MoneyWatch) On May 1, I wrotea critical review of the Lending Club, an online financial community that brings together credit-worthy borrowers and savvy investors for the benefit of both. In that ...
To date, Lending Club has helped over a million borrowers pay off credit card debt or avoid credit card (or other forms of) debt with a lower cost and more transparent product, the average ...
Lending Club raised at least $865.5 million in the deal, which easily exceeds 2014’s previous high from a California company, San Mateo action-sports camera maker GoPro’s $491.3 million IPO in ...
Since the Lending Club scandal broke last month, several commentators have said that the company and other peer2peer and online lenders are headed for trouble. I have been following this industry ...
The Federal Trade Commission says Lending Club deceived customers about hidden fees and took money from their accounts without authorization.
In spite of its recent troubles, a tiny club on Wall Street still thinks that Lending Club's stock -- which has plummeted 60% since the start of the year -- is worth buying.
Lending Club thinks about $390 billion of this is easy pickings. Then there's the $300 billion in business loans under $1 million, according to the Federal Deposit Insurance Corporation.
With an initial goal of $500 million, Lending Club intends to go public in 2014. Here’s how the three major U.S. peer-to-peer lenders compare.
Lending Club’s revenue growth also makes it the fastest-growing internet-based public company in America, Laplanche said, according to data compiled by Thomson Reuters and provided to Inc.
(MoneyWatch) The Lending Club is an online financial community that brings together creditworthy borrowers and savvy investors so that both can benefit. Investors can own parts of loans in ...